Commercial Market Weaker Analysts and industry executives agree that residential lending is a far more stable business than financing the construction of office buildings and shopping centers.
Its primary business is in residential lending.
Banking, lending, or sales experience is highly valued by employers in both a commercial and residential lending.
House prices are a factor of how much banks are willing to lend against them, and banks are reducing residential lending by 50%.
"and banks are reducing residential lending by 50%"
I've been through that release and can find absolutely nothing that says that banks are reducing their residential lending by 50%.
I wonder if your claim about 50% reductions in residential lending is wishful thinking?
"Prices have reached the low ebb," said Thomas E. Hylinski, senior vice president for residential lending at People's Bank in Bridgeport.
But Nicholas Rizzetta, the bank's senior vice president in charge of residential lending, said the interest-only mortgage offers some advantages.
"Commercial lending today is generally tougher than residential lending," said Nicholas Dename, a loan consultant with Poritzky.